Reply
New Contributor
jandj
Posts: 66
Registered: ‎04-17-2007
0

AMEX Payments

This may be a dumb question, but what the heck, here goes:
 
Since I got my AMEX Skymiles I have been using it like I normally would use my checkcard.  By this, I mean that I will charge gas, groceries, whatever else and record it in my checkbook as though I had paid cash.  My intention was to pay off the balance on a weekly basis.  Last week when I tried to pay though, it says there is no balance due and will not let me make a payment.  There is obviously an "outstanding balance", just no actual current balance due.  Will I only be able to make a payment on the AMEX once a month and will this make it look like I am always carrying a high balance?  I wanted to do this so that I could earn the airline miles on money that I would already be spending anyway.  I'm used to my Orchard Bank and Cap 1 cards that let you make payments whenever you want. 
 
Thanks in advance!
Established Contributor
Irvin
Posts: 510
Registered: ‎04-17-2007
0

Re: AMEX Payments

perhaps the new balance hasn't been posted yet. Other than that, I don't think there should be any restriction on # of payments you can make during the month..
Super Contributor
MidnightVoice
Posts: 8,157
Registered: ‎03-25-2007
0

Re: AMEX Payments

Is this the first month you have used it?
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
New Contributor
jandj
Posts: 66
Registered: ‎04-17-2007
0

Re: AMEX Payments

Yes, it is the first month but I have noticed the same thing on my AMEX corporate card (which I've only had for about 2 months).
 
Is everyone else able to make multiple payments?
New Contributor
jandj
Posts: 66
Registered: ‎04-17-2007
0

Re: AMEX Payments

bump
Frequent Contributor
chartley3
Posts: 489
Registered: ‎05-23-2007
0

Re: AMEX Payments

I had an AMEX Corporate Card and after the first billing month you can pay on it weekly if you desire as long as you have a balance showing.
Established Contributor
Irvin
Posts: 510
Registered: ‎04-17-2007
0

Re: AMEX Payments



jandj wrote:
bump


 
speed bump?

New Contributor
jandj
Posts: 66
Registered: ‎04-17-2007
0

Re: AMEX Payments

call it what you will....
New Contributor
jandj
Posts: 66
Registered: ‎04-17-2007
0

Re: AMEX Payments

Is what I'm doing (charging up this card and then paying in full every month) going to hurt my score if I'm trying to buy a house in the next 3-4 months?

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}